AirAsia's India entry with Chennai as its hub of operations has brought cheer to stakeholders. There is great hope of a positive growth trajectory for the various service sectors that have mushroomed around the industry. This is apart from additional revenue that the Airport Authority of India (AAI) might get. On March 26, the Foreign Investment Promotion Board (FIPB) of the Finance Ministry cleared the proposal of Malaysian low-cost carrier AirAsia and TataĂâs joint venture for a passenger airli
Category: Aviation & Airports
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India allows lessors to repossess Kingfisher planes
Kingfisher's 15 planes have been deregistered by the Indian civil aviation regulator DGCA paving the way for global leasing companies to take them back and easing worries that the dispute might hurt purchases by other Indian carriers. The move comes a day after officials from German bank DVB, one of the largest global aviation financing banks, met DGCA chief Arun Mishra to press for deregistration of the two aircraft.
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Trichy airport makes profit, AAI denies privatisation
The profit-making Tiruchirappalli/Trichy airport should be provided all its needs, to make it truly international, GK Chaukiyal, member (operations) of Airports Authority of India, said on March 27. Chaukiyal said the AAI was controlling around 125 airports in the country and only 10 or 12 are making profits. However, Chaukiyal denied the Trichy airport was one of the 11 airports listed for privatisation.
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Trichy airport makes profit, AAI denies privatisation
The profit-making Tiruchirappalli/Trichy airport should be provided all its needs, to make it truly international, GK Chaukiyal, member (operations) of Airports Authority of India, said on March 27. Chaukiyal said the AAI was controlling around 125 airports in the country and only 10 or 12 are making profits. However, Chaukiyal denied the Trichy airport was one of the 11 airports listed for privatisation.
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AAI to convert terminals in 24 airports into cargo ones
In India's 24 airports, redundant passenger terminals will be converted into cargo terminals by the Airports Authority of India. Inaugurating the air cargo complex at the Mangalore airport last week, the Union Civil Aviation Minister Ajit Singh said AAI has 24 airports in the country that will be used for domestic cargo operations.
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AI calls for bids to rent out 8 floors of Mumbai building
Air India is once again putting up some floors of its iconic sea-facing Mumbai headquarters building in Nariman Point for rent. After the dull response to its first attempt at leasing 12 of the 23 floors (1,59,000 sq. ft) in its building in October last year, the debt-laden national carrier has now invited fresh bids, the second time in the last five months.
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Police security strengthened at Mumbai’s Juhu airport
Security at Mumbai's Juhu airport finally got some boost after the local police sanctioned around 30 police personnel to guard the perimeter area. The airport has been battling severe security issues for the last few years with neighbouring slums spilling into the operations area.
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Shifting of AIE headquarters to Kochi still incomplete
The much-hyped shifting of Air India Express (AIE) headquarters to Kochi remains incomplete though the low-budget wing of the national carrier seems to have achieved significant improvement in schedule integrity since January. The AIE headquarters was officially shifted here from Mumbai on January 1 but much needs to be done to complete the redeployment of the staff and finding a space for it.
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Shifting of AIE headquarters to Kochi still incomplete
The much-hyped shifting of Air India Express (AIE) headquarters to Kochi remains incomplete though the low-budget wing of the national carrier seems to have achieved significant improvement in schedule integrity since January. The AIE headquarters was officially shifted here from Mumbai on January 1 but much needs to be done to complete the redeployment of the staff and finding a space for it.
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Uncertainty over compensation in Kannur airport project
Uncertainty looms large over fixing compensation for civil structures, which will make way for construction of Kannur airport though steps for the third phase of land acquisition are nearing completion. During the second phase of land acquisition, the value of buildings was assessed on the basis of Public Works Department (PWD) rates in 2008-09.